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0_public:chart_pattern:triangles [2024/11/08 19:43] – removed - external edit (Unknown date) 127.0.0.10_public:chart_pattern:triangles [2024/11/08 19:43] (current) – ↷ Page moved from chart_pattern:triangles to 0_public:chart_pattern:triangles pointnm
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 +====== Triangles ======
  
 +Ascending triangles are bullish, symmetrical triangles can move in either direction, and descending triangles are bearish.
 +
 +A technical triangle pattern is a chart formation indicating consolidation and potential breakout, formed by converging trendlines representing the asset’s highs and lows.((https://archive.ph/zmFWL#selection-2307.0-2307.171))
 +===== Symmetrical Triangles =====
 + 
 +   * price range narrows
 +   * lower highs 
 +   * higher lows
 +   * price can break out of the triangle in either direction
 +
 +Brent has also formed a symmetrical triangle pattern, which is a neutral pattern. 
 +===== Ascending triangles =====
 +
 +   * consistent highs and higher lows 
 +   * bullish
 +   * price tending to break out upwards
 +
 +===== Descending triangles ===== 
 +
 +   * consistent lows and lower highs
 +   * bearish signal 
 +   * price will tend to break out lower
 +
 +[[https://www.cmegroup.com/education/courses/technical-analysis/trend-and-continuation-patterns.html|cmegroup.com/trend-and-continuation-patterns]]